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Sunday, July 6, 2025 at 9:19 PM

The rich richer and the poor poorer

The biggest winners of the Republican-backed spending bill are the wealthiest Americans, a new analysis from the Congressional Budget office shows, while the biggest losers are the poorest.

The average U.S. household would be better off financially under the bill’s policies, the CBO found, but the benefi ts would not be evenly distributed. The wealthiest households would get the biggest boost, while the poorest would be worse off, the analysts said last week.

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